latest market wrap report for the week ended 11 June 2010

WEEKLY HIGHLIGHTS

- courtesy of public mutual

• The FBM KLCI rose to a 3-week intraday high of 1,302 points on Friday before closing at 1,294.7 points, almost unchanged from the preceding week.

• Regional markets traded sideways as concerns over the European debt crisis eased following the European Central Banks upward revision in the Eurozones 2010 GDP growth forecast from earlier estimates of 0.8% to 1.0%.

• Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors continue to monitor the outlook for global economic activities.